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republicans are doing a lot of maneuvering on the fiscal cliff. president obama and the democrats have put forward a plan relying mostly on raising more revenue from the wealthiest 2% of the country. republicans rely mostly on cuts affecting the middle class and the poor and republicans aren't specific about how they get $800 billion in revenue. for the conversation, let's turn to richard wolffe, msnbc political analyst and vice president and executive director of msnbc.com. and molly ball, political reporter for "the atlantic." the republican proposal includes ryan's voucher program for medicare. we're not even a month away from the election and they are throwing up on the wall everything that was rejected. why are they doing this? >> well, i can tell you why they think they have a mandate. they are throwing insults at each other and that means they are engaging. they may be way apart in terms of the lessons learned. but house republicans have put in their initial offer here. and you know, the problem for house republicans is not only have they n
republicans are doing a lot of maneuvering on the fiscal cliff. president obama and the democrats have put forward a plan relying mostly on raising more revenue from the wealthiest 2% of the country. republicans rely mostly on cuts affecting the middle class and the poor and republicans aren't specific about how they get $800 billion in revenue. for the conversation, let's turn to richard wolffe, msnbc political analyst and vice president and executive director of msnbc.com. and molly ball,...
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to go over this fiscal cliff, because republicans won't raise taxes, tax rates on the wealthiest 2% of americans, would subject the average american to big tax increase and enormous damage from the other cuts that would happen. and there's just no reason why the country has to go through that. and we have a chance to do something much better. not just for the long-term health of the american economy, but for the immediate challenge which is getting stronger growth and more job creation. >> but you heard the president say today if there's no deal, are you going to blame the republicans for ruining christmas? >> the only thing that stands in the way of a deal right now is if a group of republican members decide they're going to block a deal because they want to extend tax cuts. we can't afford for the wealthiest 2% of americans. >> the president said on election night, you voted for politics, not action as usual. you're saying what we can expect from republicans. what can we expect from the president to break that cycle? >> a willingness to sit down and explore what the best way to get t
to go over this fiscal cliff, because republicans won't raise taxes, tax rates on the wealthiest 2% of americans, would subject the average american to big tax increase and enormous damage from the other cuts that would happen. and there's just no reason why the country has to go through that. and we have a chance to do something much better. not just for the long-term health of the american economy, but for the immediate challenge which is getting stronger growth and more job creation....
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back campaign to avoid the fiscal cliff and cut the national debt. the 81-year-old simpson went "gangnam style" to make his point. ♪ >> i have a bum knee. horse, horse. ride the horse. >> senator, thank you for that. and that's your morning dish of "scrambled politics." and now for a look at your national weather, let's turn to bill karins. he has your weather channel forecast. >> the best part is the underwater robot for a place that doesn't have water. >> maybe it's a pool. >> yes. >> and they need to inspect it. >> counter-terrorism measures in the backyard. you never know. good morning, everyone. getting out the door this morning, it's very cold up in new england. tell you what, the lack of snow is really becoming a slightly alarming especially if you have any interest in snowy weather recreation or skiing or ice skating or maybe you like to go snowmobiling. the northern half of the country is sparse. 7% of the country has snow cover. most of that is the high elevations in the rockies and northern rockies. it's about as low as it gets. last yea
back campaign to avoid the fiscal cliff and cut the national debt. the 81-year-old simpson went "gangnam style" to make his point. ♪ >> i have a bum knee. horse, horse. ride the horse. >> senator, thank you for that. and that's your morning dish of "scrambled politics." and now for a look at your national weather, let's turn to bill karins. he has your weather channel forecast. >> the best part is the underwater robot for a place that doesn't have water....
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we don't want to go over the fiscal cliff. that's crazy for our country. let's get these as i said extend the tax cuts for those under $250,000. let's agree on a down payment. let's get not only the predictability on the tax code for 98% of americans but also get the automatic across the board cuts off the table for next year. then allow our committees to go to work to bring in the additional savings that we need. i think we can get that blueprint done in the next couple of weeks. >> do you believe that, sir? because have you talked to your republican colleagues in the senate? i mean, do they have a point at which they believe is their we can't pass we cannot cross this line? do you think you're able to meet at least in the senate? >> i think so. i really do believe that the majority of the members of the senate want to get this done, want to get it done now. they want to get predictability to the 98% of taxpayers on their tax rates come january 1st. they want to get these across the board sequestration cuts off the table. they want to make a down payment
we don't want to go over the fiscal cliff. that's crazy for our country. let's get these as i said extend the tax cuts for those under $250,000. let's agree on a down payment. let's get not only the predictability on the tax code for 98% of americans but also get the automatic across the board cuts off the table for next year. then allow our committees to go to work to bring in the additional savings that we need. i think we can get that blueprint done in the next couple of weeks. >> do...
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i really appreciate your time. >> the fiscal cliff concession. are republicans getting redity wave the white flag of surrender? based on what you know, what do you think? plus why hamid karzai blames the u.s. for damage in that war torn country in an exclusive interview with nbc news. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay.
i really appreciate your time. >> the fiscal cliff concession. are republicans getting redity wave the white flag of surrender? based on what you know, what do you think? plus why hamid karzai blames the u.s. for damage in that war torn country in an exclusive interview with nbc news. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those...
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here's the democratic and republican opening bids on the fiscal cliff. but the revenue side of the republican proposal just doesn't match up with reality. you can't get $800 billion in revenue from lowering rates and closing loopholes and deductions. can we get on that page? it doesn't come close to adding up, unless you get rid of just about every deduction for the middle class that's out there. is that what this election was about? president obama has been clear about it all along. >> unfortunately, the speaker's proposal right now is still out of balance. you know, he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. and when you look at the math, it doesn't work. >> you see, if we lower these rates, then the job creators will go out there end and all this money to hire a bunch of people, and that's going to contribute more to the tax base. and gosh, we're just going to take care of all of our problems. we have tried this stuff, and it didn't work. when leaders mcconnell and boehner feed the
here's the democratic and republican opening bids on the fiscal cliff. but the revenue side of the republican proposal just doesn't match up with reality. you can't get $800 billion in revenue from lowering rates and closing loopholes and deductions. can we get on that page? it doesn't come close to adding up, unless you get rid of just about every deduction for the middle class that's out there. is that what this election was about? president obama has been clear about it all along. >>...
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the election and since the fiscal cliff stalemate started. no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congressman adam schiff. from the president shooting down speaker boehner proposal to now conservative groups going aafter him, who are boehner's allies at this point. where is governor jan brewer. the mystery about the out of state business trip and why his own spokesperson says he can't disclose where she is. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. now we need a little bit more... [ male announcer ] at humana, we understand the value of
the election and since the fiscal cliff stalemate started. no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congressman adam schiff. from the president shooting down speaker boehner proposal to now conservative groups going aafter him, who are boehner's allies at this point. where is governor jan brewer. the mystery about the out of state business trip...
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"markets down, party trade blame as fiscal cliff talks fail." >> you're so gloom and doom. >> republicans don't see themselves as unruly kids and don't see obama as a wise principal, contrary to what ari was saying earlier. >> what do you think it's going to take at this juncture to get a deal done? >> i think you have to have the president show some leadership and show an actual balanced package that includes some entitlement reforms and have the muscle with his own caucus to bring that about. >> do you think it would be a advantageous to do it himself or leave it to the staffers? >> i think republicans in congress work better with vice president biden than president obama in these sorts of negotiations. >> america's happy warrior could be ruled out. what's your headline, good sir? >> unfortunately like past headlines, "in a jobs crisis, the republicans are still trying to cut health care and economic aid." i think that will be more and more difficult for them to carry as a message when people back home don't talk about cliffs, they talk about jobs, they talk about unemployment, and they
"markets down, party trade blame as fiscal cliff talks fail." >> you're so gloom and doom. >> republicans don't see themselves as unruly kids and don't see obama as a wise principal, contrary to what ari was saying earlier. >> what do you think it's going to take at this juncture to get a deal done? >> i think you have to have the president show some leadership and show an actual balanced package that includes some entitlement reforms and have the muscle with...
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it is december 1st, one month from the deadline for the so-calleded fiscal cliff. the drama is building. check out what house speaker, john boehner, had to say this week. >> the white house spends three weeks of trying to develop a proposal that calls for $1.6 trillion in new taxes, calls for a little, not even $400 billion in cuts and they want to have this extra spending that's actually greater than the amount they are willing to cut. it was not a serious proposal. right now, we are almost nowhere. >> oh, mr. boehner, you have got it all wrong. it is a serious proposal, really serious. godfather serious. >>> watching the d.c. drama convinced those of us in nerdland that president obama must be a fan of the francis ford copel la masterpiece. remove the lethal components and there are valuable negotiating lessons that the president seems to be picking up on, like this one. >> my father taught me many things here. he taught me in this room. he caught me keep your friends close but your enemies closer. >> well, president obama keeping his opponents close in hand. lun
it is december 1st, one month from the deadline for the so-calleded fiscal cliff. the drama is building. check out what house speaker, john boehner, had to say this week. >> the white house spends three weeks of trying to develop a proposal that calls for $1.6 trillion in new taxes, calls for a little, not even $400 billion in cuts and they want to have this extra spending that's actually greater than the amount they are willing to cut. it was not a serious proposal. right now, we are...
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president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> the concerted effort from the white house is very clear. here's white house press secretary jay carney. >> what will produce a deal is an acknowledgement by republicans, republican leaders, that rates on the top 2%, the wealthiest americans, have to rise. there is no deal without that acknowledgement, and without a concrete,
president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the...
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the fiscal cliff and the debt ceiling, are they connected? >> the white house wants them to be connected. they actually think if neck get a deal decoupling the bush tax cuts, having entitlement reform in dealing with the debt ceiling that is getting a raise and not having to worry about it for another couple of years, that's what they want. house republicans have indicated that, look, they actually might want it to kick the can down the road, make a deal on taxes but kick it down the road where they have more leverage. president obama was asked about that earlier this week and said he doesn't want to play the debt ceiling game anymore. that's where republicans have more leverage than then do on other matters. >> all right. senior political editor mark murray, have a great weekend, sir. >> i want to bring in congressman peter welch from vermont. good to see you again. talked to you last weekend on msnbc. at that point you told me that you thought there was a 50/50 shot we'd go off the so-called fiscal cliff. today speaker boehner said talks we
the fiscal cliff and the debt ceiling, are they connected? >> the white house wants them to be connected. they actually think if neck get a deal decoupling the bush tax cuts, having entitlement reform in dealing with the debt ceiling that is getting a raise and not having to worry about it for another couple of years, that's what they want. house republicans have indicated that, look, they actually might want it to kick the can down the road, make a deal on taxes but kick it down the road...
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and the fiscal cliff negotiations are not going well at all. on thursday republicans leaked the white house's opening bid and we have some exclusive tape of that. >> all right. somebody will have to play a little game. we'll play yours. so let's just say that you paid me because it is in your interest to pay me. but i want your answer and the money by noon tomorrow. >> senator, you can have my answer now, if you like. my offer is this -- nothing. >> okay. maybe that's not actually exclusive tape of the budget negotiations, but it is kind of the spirit of the thing. president obama's opening bid to the republicans goes like this. first democrats get a trillion dollars in tax revenue by letting the high-income bush tax expire. that hatch matches the spending cuts in the 2011 debt ceiling deal. a trillion for a trillion. then democrats and republicans get 6 billion worth of stuff they want. democrats get 6 billion from tax reform and republicans get 600 billion in spending cuts of which 350 billion comes from medicare and other health problems and
and the fiscal cliff negotiations are not going well at all. on thursday republicans leaked the white house's opening bid and we have some exclusive tape of that. >> all right. somebody will have to play a little game. we'll play yours. so let's just say that you paid me because it is in your interest to pay me. but i want your answer and the money by noon tomorrow. >> senator, you can have my answer now, if you like. my offer is this -- nothing. >> okay. maybe that's not...
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the agenda beginning with the republican revolt against the president's fiscal cliff opera. it comes as president obama takes his message on the road with all of the angst and the anger in washington, is america about to go cliff diving? we'll ask senator barbara boxer. she joins me. >>> plus, those internal romney campaign polls that turned out to be so wrong. we're going to take you inside those numbers with on you power panel. >>> and a momentous day as the supreme court could take up doma and other cases of marriage equality. we are live there. >>> and the announcement everybody's been waiting for, one of the $387 million powerball winners is about to be revealed. y use temporary treatms when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. now we need a l
the agenda beginning with the republican revolt against the president's fiscal cliff opera. it comes as president obama takes his message on the road with all of the angst and the anger in washington, is america about to go cliff diving? we'll ask senator barbara boxer. she joins me. >>> plus, those internal romney campaign polls that turned out to be so wrong. we're going to take you inside those numbers with on you power panel. >>> and a momentous day as the supreme court...
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. >>> here's what's happening, the fiscal cliff debate moved to the sunday talk shows today. the speaker of the house, john boehner, said he was flabbergasted by the proposal unveiled by the obama administration. treasury secretary tim geithner said it's up to republicans to make the next move in negotiations. >>> more storm trouble in california with snow and rain hitting the area. some rivers remain in danger from overflowing. >>> now back to "caught on camera." >>> unfortunately, convenience stores can sometimes be targets. but not usually like this. >> i turn, and then there's just a car coming at me. in the dog days of the summer of 2011, it's 16-year-old sammy's last day at a temp job helping out at his father's seven 7-eleven in aurora, colorado, and the high school junior is about to get a back-to-school sendoff he'll never forget. >> there was two people at the store. one was getting a blockbuster from the machine. the other was getting a slurpee. the guy with the slurpee was walking up to the counter. i was talking to the guy and i hear a loud noise coming from my r
. >>> here's what's happening, the fiscal cliff debate moved to the sunday talk shows today. the speaker of the house, john boehner, said he was flabbergasted by the proposal unveiled by the obama administration. treasury secretary tim geithner said it's up to republicans to make the next move in negotiations. >>> more storm trouble in california with snow and rain hitting the area. some rivers remain in danger from overflowing. >>> now back to "caught on...
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priebus unless the fiscal cliff negotiations in d.c. go the way they wants them to go, he will personally cut off the spigot of conservative money to the republican party. he says, quote, i will make it my mission to ensure that every conservative donor to the republican party that i have worked with for the last three decades, and there are many, and they have given tens of millions of dollars to republican causes, i will make sure that they give not one penny more to the republican party. promise? what are you going to do, right? give it to the democratic party instead? perhaps you should start a third party. i mean, i'm not allowed to make political contributions because of my job, but as a liberal i maybe would cheat to contribute to your third party idea. you're right, the republican party is not pure enough, not conservative enough. you guys should starve the republican party, make your own thing, split away, new party, call it the tea party. it's already got party in the name. i would support that. every liberal in america will f
priebus unless the fiscal cliff negotiations in d.c. go the way they wants them to go, he will personally cut off the spigot of conservative money to the republican party. he says, quote, i will make it my mission to ensure that every conservative donor to the republican party that i have worked with for the last three decades, and there are many, and they have given tens of millions of dollars to republican causes, i will make sure that they give not one penny more to the republican party....
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the fiscal cliff. oklahoma congressman tom cole joins me next. first, a look ahead at the president's schedule. one big thing on the schedule today that everybody is fairly interested in. that's that lunch with mitt romney. we're told no cameras. we'll see. we of the white house press corps officially protesting. we'd like to force them to let there be some official fourth estate coverage of this historic event. we'll see if they grant it. you're watching "the daily rundown" only on msnbc. a winter wonderland doesn't just happen. it takes some doing. some coordinating. and a trip to the one place with the new ideas that help us pull it all together. from the things that hang and shine... ...to the things that sparkle and jingle. all while saving the things that go in our wallet. more saving. more doing. that's the power of the home depot. get fresh cut savings. live trees are arriving weekly. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] ant
the fiscal cliff. oklahoma congressman tom cole joins me next. first, a look ahead at the president's schedule. one big thing on the schedule today that everybody is fairly interested in. that's that lunch with mitt romney. we're told no cameras. we'll see. we of the white house press corps officially protesting. we'd like to force them to let there be some official fourth estate coverage of this historic event. we'll see if they grant it. you're watching "the daily rundown" only on...
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averts the fiscal cliff. millions of americans are not finding this partisan fighting so funny. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is
averts the fiscal cliff. millions of americans are not finding this partisan fighting so funny. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok....
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proposal to avert the fiscal cliff. >> i don't know much about the government. is that a good sign if they make a proposal? >> when you do that to me, i know you're not taking me seriously, right? >> sometimes getting really stupid offers, also not polite. >>> plus, an update on the condition of the former president george h.w. bush. he had a health scare in houston yesterday. we're going to tell you how he's doing this morning. >>> but first let's get to the news live at 5:30 here at 30 rock in new york city. this morning, president obama departs to pennsylvania where he will continue his campaign sales pitch on how to solve the country's fiscal challenges. yesterday treasury secretary tim geithner met with republicans to unveil the white house's budget proposal which includes $1.6 trillion in new tax revenue over ten years as well as $50 billion in additional stimulus spending. with limited details on spending cuts, the gop's reaction, less than encouraging. senator mitch mcconnell reportedly burst into laughter while geithner was in the middle of outlining ob
proposal to avert the fiscal cliff. >> i don't know much about the government. is that a good sign if they make a proposal? >> when you do that to me, i know you're not taking me seriously, right? >> sometimes getting really stupid offers, also not polite. >>> plus, an update on the condition of the former president george h.w. bush. he had a health scare in houston yesterday. we're going to tell you how he's doing this morning. >>> but first let's get to the...
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cliff "new york times" column us david brooks describes it this way. republicans will be raising middle class tacks in order to serve the rich. shafting sam's club to benefit the country club. if republicans do this, they might as well get mitt romney's 47% comments printed on t-shirts and wear them for the rest of their lives. so republicans have to realize they're going to have to cave on tax rates. the only question is what they get in return. michael steele is former chair of the republican national committee and an msnbc political analyst and steve mcmahon's a democratic strategist. michael, you're on the republican side and what do you think of that? the argument made by brooks which is more sophisticated. make your deal now while you can get something for it because after january 1st you will just be saving your rear end. >> i think he's absolutely right. i think part of that deal should include giving the president what everybody in this town agrees on and that is those middle tax cuts for the middle class out of the bush tax cuts. set that asi
cliff "new york times" column us david brooks describes it this way. republicans will be raising middle class tacks in order to serve the rich. shafting sam's club to benefit the country club. if republicans do this, they might as well get mitt romney's 47% comments printed on t-shirts and wear them for the rest of their lives. so republicans have to realize they're going to have to cave on tax rates. the only question is what they get in return. michael steele is former chair of the...
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do the democrats risk getting blamed if we go over the fiscal cliff now that there is a counter offer from the gop? >> that's the interesting question. connects with what ezra was talking about. do the actual sacrifices happen in your backyard and do they happen in the backyard of wealthy people who are a big part of the base of both of these parties let's be honest. you quoted mark thiessen quoting biggy smalls saying don't get high on your own supply. >> thank you for the rap encyclopedia acknowledgement. never sell no crack where you rest at. >> you planned that. you wrote that down. >> i write a lot of things down. >> go ahead. i'm sorry. >> but that notion that we know from politics which is not in my backyard. i think ezra is right. we have to look at where the bulk of these things are happening and understand why they're not serious. wealthy people do a lot of estate and charitable planning. the charitable deduction thing is not going to happen. it's also a terrible idea -- >> i mean independent of the people for the charities themselves. >> that was my second point. it's a ter
do the democrats risk getting blamed if we go over the fiscal cliff now that there is a counter offer from the gop? >> that's the interesting question. connects with what ezra was talking about. do the actual sacrifices happen in your backyard and do they happen in the backyard of wealthy people who are a big part of the base of both of these parties let's be honest. you quoted mark thiessen quoting biggy smalls saying don't get high on your own supply. >> thank you for the rap...
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he can cut a deal to avert the fiscal cliff. there has been an epidemic of open-mindedness as republicans try to win minority votes and create a version of their party that can be competitive in states like connecticut and california. the republicans may still blow it. if president obama is flexible and they don't meet him part way, republicans would contribute to a recession that would discredit them for a decade. but they are moving in the right direction and moving fast. these are first steps, and encouraging ones. >> really encouraging. and it's not just what they're saying. it's how they're saying it. eric cantor came on. we've all, i think at times, even i as a conservative, who would vote probably along with eric cantor 99% of the time. saw him at times over the past couple years being a bit more obstructionist than i think was good for the party. i thought i loved his tone the other day. what did he focus on? he focused on jobs, on proving that conservatism actually helped all americans, not 53%, not 47%. and yesterday w
he can cut a deal to avert the fiscal cliff. there has been an epidemic of open-mindedness as republicans try to win minority votes and create a version of their party that can be competitive in states like connecticut and california. the republicans may still blow it. if president obama is flexible and they don't meet him part way, republicans would contribute to a recession that would discredit them for a decade. but they are moving in the right direction and moving fast. these are first...
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this fiscal cliff argument right now that we're facing is a good opportunity to begin that conversation. you're already seeing it, joe, with some republicans out there, bill kristol and others saying oh, yeah, i guess we can begin to look at putting that top rate higher for those higher income earners simply to begin to make the argument to the middle class and the poor that we stand more with them than with those at the other end of the spectrum. >> so steve rattner, explain the math to me because i'm not a big fan of raising the top rate to 39.6%. in fact, i hate that idea for, you know, small business owners that make $250,000, $300,000, $350,000. explain the math about the difference between going after the millionaires, raising the capital gains rate a little bit, getting rid of this carried interest exception. exemption. all these things that you've been talking about. what is the math of it? can we get to $1.2 trillion without raising that top marginal rate that i think catches the small business owner more than the billionaire? >> the math is a little tough to get there. it's no
this fiscal cliff argument right now that we're facing is a good opportunity to begin that conversation. you're already seeing it, joe, with some republicans out there, bill kristol and others saying oh, yeah, i guess we can begin to look at putting that top rate higher for those higher income earners simply to begin to make the argument to the middle class and the poor that we stand more with them than with those at the other end of the spectrum. >> so steve rattner, explain the math to...